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The Latest Breaking News from Economic Growth

Why economic growth alone will not make British society fairer or more equal

In presenting his spring budget, the British chancellor, Jeremy Hunt, claimed his plans are all about growth. For the leader of the opposition, Keir Starmer, growth is his key “mission”.

The Conversation

Global economy is skidding towards a 'lost decade,' World Bank warns

The past 30 years of economic growth and development could be reversed this decade if governments don't act.

Fortune

The $1.5 trillion opportunity: Closing the credit gap for women entrepreneurs

Working to close this gender investment gap is not only the right thing to do, it’s the smart thing to do: it is economic growth left on the table.

Fortune

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Bank failures have 'increased' threats to global financial stability, IMF says

Global economic growth was expected to slow this year, but this month's banking crises have raised the risk of even bigger problems.

Fortune

US Vice President Harris promises greater investment for Africa

U.S. Vice President Kamala Harris said on Sunday that the United States will increase investment in Africa and help spur economic growth as she began a week long tour of the continent aimed at offering a counter to the influence of rival China.

Reuters

Vice President Harris is visiting Africa next week, part of a pushback to China

Vice President Harris will visit Ghana, Tanzania and Zambia to discuss issues like economic growth and food security. She's the highest-ranking administration official to travel to the continent.

WEKU

Chambers of Commerce urges next First Minister to 'back Scottish businesses'

Organisation urges candidates to answer key questions from its members

Insider UK

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Next first minister must prioritise economic growth, says business leader

Dr Liz Cameron, of the Scottish Chamber of Commerce, said the country needed a credible plan to drive economic growth.

The Independent UK

Economic growth is not a magic wand for ending poverty

Misguided policies are hurting the poorest in society; our focus should be on reducing inequality not increasing GDP

The Guardian - UK

To tackle high housing costs, Texas lawmakers push to build more homes

Housing advocates, builders and real estate experts agree that the state simply isn’t building enough homes to keep up with its booming population and economic growth.

The Texas Tribune

SCB ramps up growth outlook to 3.9%

SCB Economic Intelligence Center (EIC), the research arm of Siam Commercial Bank, has upgraded its Thai economic growth forecast for 2023 to 3.9% from 3.4% because local and global economic trends are better than expected.

Bangkok Post

OECD raises global growth forecast but recovery 'fragile'

PARIS: The OECD raised its global economic growth forecast on Friday as inflation eases and China emerges from Covid restrictions, but warned of vulnerabilities as seen in the US bank sector turmoil.

Bangkok Post

Three ways the 'back to work' budget will affect your finances

In the 2023 spring budget, UK chancellor Jeremy Hunt unveiled a raft of measures designed to boost economic growth and productivity. To achieve this he has overhauled both pensions and childcare support, which will have implications for current and future personal finances.

The Conversation

China picked to catapult Thai economy

China's economic growth and the preference among Chinese for Thai properties should make it a key driver for the Thai economy and property market, according to economic and property analysts.

Bangkok Post

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Manchester Evening News

Will extra childcare help you work more?

The chancellor has revealed plans to attempt to boost economic growth

Asharq Al-Awsat

Egypt Lowers Its Economic Growth Forecast to 4.2% In 2022/23

Egypt’s economy is expected to grow 4.2 percent in the current fiscal year ending in June, the cabinet said on Tuesday, much less than previously forecast. Gross domestic product grew by 3.9 percent in October-December, the second quarter of the fiscal year, while the unemployment rate fell to 7.2 percent,…

Fortune

The booming American Sunbelt may be a victim of its own success as soaring traffic congestion jeopardizes economic growth

Miami, Las Vegas, and Nashville are growing rapidly, contributing to traffic gridlock.

The Independent UK

Starmer: Labour’s plan for economic growth will be transformational for Scotland

The party leader was speaking during a visit to Glasgow on Friday.

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Asharq Al-Awsat

Oil Headed for Worst Weekly Drop since Feb on US Slowdown Fears

Oil fell for a fourth session on Friday, heading for its biggest weekly loss in five weeks on worries about the prospect of steep interest rate hikes in the United States slowing economic growth and hitting fuel demand. Brent dipped 39 cents, or 0.5%, to $81.20 a barrel by 0745…

The Conversation

Economic growth doesn't have to mean 'more' – consuming 'better' will also protect the planet

Around 30 years ago, many developed countries started a process of absolute decoupling of their emissions of CO₂ and energy use from economic growth. This means keeping emissions stable, or better yet, shrinking them, while still growing the economy.

France 24

'Invest in her': Number of female-led startups increases in France

The 2023 edition of International Women's Day has highlighted digital inequality, but also how innovation and technology can empower women and girls, and contribute to economic growth. In France, the number of female entrepreneurs in the tech sector is increasing, but they still lag behind their male counterparts. For more,…

Reuters

Brazil tax reform seen boosting long-term economic growth, official says

A proposed tax reform in Brazil will likely generate additional economic growth of 12% over the next 15 years, the special secretary for tax reform, Bernard Appy, said on Wednesday.

Axios

China's underwhelming 2023 economic growth target

The modest growth goals suggest China's economy may continue to weigh on global GDP.

The Independent UK

China's trade contracts as Western demand weakens

China’s trade contracted again in January and February as U.S. and European demand weakened in the face of interest rate hikes, adding to pressure on official efforts to revive economic growth following the end of anti-virus controls

Bangkok Post

TAT unfazed by giveaways

Many countries in Asia recently announced giveaway campaigns to bolster their tourism industry, aiming to drive post-pandemic economic growth.

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